Digital Currency and Blockchain Technology
At Withum, we have a deep level of expertise relating to all of the issues that arise within today’s ever-changing digital currency environment. Whether you are a hedge fund with a crypto strategy, are designing and executing an Initial Coin Offering (ICO) or Token Sale, or are an investor trying to navigate the tax implications of your digital currency assets, our team of experts can help.
Who we Help
- High-net-worth individuals and crypto investors
- Family offices and wealth managers
- Crypto-native companies and startups
- Blockchain and protocol developers
- Miners and validators
- DeFi protocols and Web3 businesses
Withum’s Digital Currency and Blockchain Technology Services Team has the in-depth industry experience to provide specialized services tailored to your needs. Contact us to get started today.
Digital Currency and Blockchain Technology Industry Challenges
Navigating the tax implications of your digital assets can be confusing. Our team of experts can help provide solutions to ease your burden and understand your tax liability while also maximizing your tax benefits.
Working through the financial statement preparation process can be time-consuming, whether it is an audit, review, or compilation. We work efficiently to deliver results in a timely manner while also making sure we utilize your time as effectively as possible.
From outsourced accounting functions and CFO consulting to ASC 606 implementation consultations, our team works alongside of you to ensure your accounting needs are being met and are fully compliant with current industry standards.
As experienced professionals, we have a wealth of knowledge when working with ICOs and token sales to ensure you are fully compliant in the current regulatory environment.
In order for a stablecoin to gain market adoption, it is critical to gain the trust of users. Having a recurring attestation report completed on your stablecoin to ensure that is it properly reserved is critical in today’s environment.
Crypto and blockchain have been and will continue to redefine asset and financial structures while establishing new functions and value accretion – all of which are powering innovation on the fund investment front.
Gain Control Over Your Digital Asset Taxes
As digital asset reporting requirements become standard, taxpayers face mounting challenges in accurately tracking the cost basis of their crypto holdings. Whether you're a long-term holder, an active trader or a DeFi participant, Withum’s crypto-savvy advisors can help you stay compliant and optimize your tax position.
Digital Currency and Blockchain Technology Accounting, Advisory and Tax Services
Accounting and Attestation
- Audited Financial Statements
- Public Company Audits
- Tax provision preparation support
- ASC 606 implementation consultations including Gross vs. Net Analysis
- ASC 842 implementation consultations
- Navigating the cap table (i.e. Carta) and stock-based or token-based compensation reporting
- Complex debt and equity accounting (token warrants, SAFE notes, SAFTs etc.)
- International Financial Reporting and Multinational Organizations
Advisory
- Complex accounting challenges for recognition of digital assets under ASC 350/820
- Digital asset reconciliations and transaction reporting
- CFO Consulting and support services
- ERP implementation
- SOC 1/SOC 2/SSAE 18 Consulting and compliance
- Cybersecurity assessments
- IT managed services
- Cryptocurrency Cost Basis Tracking
- Fund Formation
Insights
Cryptonomix Podcast – All Things Happening in the Crypto Community
Cryptonomix is your one-stop shop for all things happening in the crypto community.
Digital Asset Collateral Considerations
As crypto markets evolve, fund managers are increasingly engaging in complex financial instruments such as tokenized repos, lending, and other strategies. While these instruments offer liquidity and leverage, they also […]
Understanding CARF: The New Global Standard for Crypto Taxation
The Crypto-Asset Reporting Framework (CARF) is the most significant international initiative for tax transparency on digital assets to date. Developed by the OECD and endorsed by the G20, CARF sets […]
Join Us on Cryptonomix
Are you interested learning more about our Cryptonomix podcast and possibly being a future guest?
Join us for an episode to share your digital asset and blockchain story.
Contact Us
For more information or to discuss your business needs, please connect with a member of our team.
Digital Currency and Blockchain Industry Involvement
